Business Loan

Opportunity ID: 
NPCB-2014-65
Institution Type: 
Government
Institution: 
National People’s Cooperative Bank
Type of Financing: 
Loan
Minimum Amount: 
Maximum of J$2M per borrowing client/entity or group. The equity contribution will be 10% of the total project cost.
Tenure: 

Repayment period will be up to 7 years including a maximum of 18 months moratorium on principal For long term tree crops etc. repayment will be over 10 years inclusive of 4 years moratorium on

Principal
Principal and interest must be serviced, based on the enterprise and its cash flows.

Qualification Criteria: 

Use of Funds
To support farming activities, as well as retooling, which include:
Expansion of fruit tree crops, e.g. ackee
Livestock projects, e.g. cattle, pigs, goats and sheep production.
Development of protected cultivation, such as green houses & hydroponics
Introduction of modern and productive agricultural tools and machines
Ornamental fish farming
Food fish farming and mariculture
Agro-processing

Funding is available to purchase fixed assets, that is, equipment and machinery; and for working capital, that is, purchase of goods, raw materials, advertisement, and other value added expenses.

Projects that can be funded include the following:
Tourism Small Hotels and Guest Houses
Renovation and refurbishing
Attractions
Restaurants
Transportation

Light Manufacturing
Apparel: Clothing, caps, uniforms, dress, uniform
Furniture: Wooden and metal for house hold, office & business, hotel
Food Processing: Including poultry and other meats, canned and bottled items, sweets, jams, bread and cakes, restaurant
Beverages: Carbonated and none carbonated juices, health drinks,
Chemicals: Detergents and soaps,
Leather Goods: Belts, hand bags
Craft Items: All types, straw, wood, leather, paintings
Block Making

Agriculture and Fishing
Poultry: Meat, eggs.
Livestock: Meat, milk,
Legumes: Peas, peanut
Vegetables: Cabbage, carrot, pumpkin, tomato, callaloo and other vegetables.
Condiments: Escallions, hot pepper
Fruits: Pawpaw, pineapple, watermelon.
Tubers: Yams, cassava, dasheen, potatoes
Apiculture: Apiary
Tree crop and other crops
Fishing: Inland and sea, ornamental (pet) fish
Agro-processing: Juices, concentrate, ackees etc.
Transportation

Mining
Equipment for Quarrying

Business Services
Farm Store
Public and Commercial Transportation: Buses, trucks
Information Technology: Internet cafe, software development,
Tourism related services: Attractions, restaurant
Entertainment: Recording producing
Trading services equipment: computer technician, construction, electrical, plumbing, painter, carpentry, mechanical

NOTE: THE VIABILITY (FEASIBILITY) OF EACH PROJECT WILL BE DETERMINED BY ITS CASH FLOWS.
DBJ’s LENDING GUIDELINES
DBJ/CDB- AGRICULTURAL LINE OF CREDIT FOR SMALL FARMERS

DBJ has committed J$250M to the Agricultural Line of Credit for on-lending to small farmers via Approved Financial Institutions (AFIs) such as the National People’s Cooperative Bank Network (NPCB), Credit Unions (via JCCUL) and Approved Micro Financing Institutions.

Eligible Users:
Small farmers registered with RADA
Food Fish farmers who are registered with Fisheries Department
Ornamental fish farmers.

Eligibility Conditions:
Must be registered with RADA/Ministry of Agriculture,
Project must be financially and technically viable.
Project must demonstrate ability to repay loan without a negative impact on its operations.
If a company, ensure that the constitution of the entity gives it the authority to borrow and a board resolution must be passed to access this facility,
Tax Registration Number (TRN),
An approved farm plan from RADA or Fisheries Department,
All loans to be secured.

Contact: 

Telephone:
876-962-5360
876-961-0278
876-961-0519
876-962-5360

Fax:961-0547/962-6870"

Total votes: 349